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More bright spots for Indonesia’s logistics industry, IFC invests in ASSA
- Tuesday | 3rd August, 2021
Indonesia’s logistics sector, known to have been sluggish to digitalize in the last few years, is now being pushed to transform amidst the COVID-19 pandemic. In another recent development, the World Bank’s International Finance Corporation (IFC) announced an injection of $31 million or 452 billion rupiah in logistics firm, ASSA. ASSA owns logistics platform AnterAja, which has emerged in the country’s logistics space and provides tech-based door-to-door deliveries across Indonesia. J&T Express, one of the biggest logistics companies in the country, is also growing rapidly. J&T Express has also fast become a logistics leader in the region, having expanded its footprint to Malaysia, Vietnam, Indonesia, Thailand, Singapore, Cambodia, the Philippines and China.
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